Saia Reports Fourth Quarter Results
Rhea-AI Summary
Saia (NASDAQ: SAIA) reported Q4 2025 revenue of $790.0 million (+0.1%) and full-year revenue of $3.2 billion (+0.8%). Q4 diluted EPS was $1.77 vs. $2.84 prior year; full-year diluted EPS was $9.52 vs. $13.51. Operating income fell to $64.0 million in Q4 and $352.2 million for 2025; adjusted operating income was $337.7 million. Net capital expenditures were $544.1 million in 2025; 2026 capex guide is $350–$400 million. Cash was $19.7 million and total debt $164.0 million at year-end.
Management cited elevated self-insurance costs (~$4.7 million) and record quarterly claims ratio of 0.47%. A conference call was scheduled for Feb 10, 2026 at 10:00 a.m. ET.
Positive
- Revenue steady at $3.2B for full year (+0.8%)
- Record claims ratio of 0.47% in the quarter
- Total debt reduced to $164.0M from $200.3M (Dec 31, 2024)
Negative
- Q4 diluted EPS declined ~37% to $1.77 (from $2.84)
- Operating income down 36.9% in Q4 to $64.0M
- Adjusted operating income down 30.0% year-over-year to $337.7M
- Operating ratio worsened to 91.9% in Q4 and adjusted 89.6% for 2025
News Market Reaction
On the day this news was published, SAIA declined 6.83%, reflecting a notable negative market reaction. Argus tracked a trough of -3.8% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $800M from the company's valuation, bringing the market cap to $10.91B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SAIA was down 1.41% pre-news. Trucking peers showed mixed moves: KNX -1.72%, TFII -0.54%, RXO -6.20%, while SNDR +0.34% and XPO +0.45%. This pattern points to a stock-specific reaction rather than a broad trucking-sector move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 30 | Q3 2025 earnings | Negative | +2.2% | Revenue slightly down, EPS and operating income declined; stock rose about 2%. |
| Jul 25 | Q2 2025 earnings | Negative | +7.0% | Lower EPS and operating income with slight revenue decline; shares gained strongly. |
| Apr 25 | Q1 2025 earnings | Negative | -30.7% | EPS and operating income dropped sharply despite revenue growth; stock sold off heavily. |
| Feb 03 | Q4 2024 earnings | Negative | -2.0% | EPS and operating income declined despite higher revenue; shares fell modestly. |
| Oct 25 | Q3 2024 earnings | Negative | +11.4% | EPS and operating income slipped with higher operating ratio; stock moved sharply higher. |
Recent earnings reports often showed pressured EPS and margins; price reactions have been mixed, with three negative reactions and two strong positive moves, indicating no consistent trading pattern on earnings days.
Over the last five earnings cycles from Q3 2024 through Q3 2025, Saia has generally reported modest revenue growth but declining diluted EPS and operating income, with operating ratios drifting higher. Capital expenditures have been elevated, supporting network expansion to a national footprint. Price reactions have varied, with sharp moves both up and down. Today’s fourth quarter and full-year 2025 release continues the theme of flat revenue and weaker profitability versus prior year.
Historical Comparison
In the past five earnings releases, SAIA’s average move was about -2.42%, with both sharp rallies and steep selloffs, underscoring volatile reactions to repeated margin and EPS pressure.
Across Q3 2024 through Q3 2025, Saia showed modest revenue growth but consistent EPS and operating income declines and higher operating ratios, while maintaining heavy capital spending to expand its LTL network and national footprint.
Market Pulse Summary
The stock moved -6.8% in the session following this news. A negative reaction despite largely in-line operational trends fits a backdrop of declining EPS—from $13.51 in 2024 to $9.52 in 2025—and higher operating ratios such as 91.9% in Q4 2025. Past earnings have sometimes triggered outsized downside moves, so renewed focus on profitability and accident-related self-insurance costs could weigh on sentiment. Investors may also scrutinize whether reduced $544.1M capex still supports growth.
Key Terms
less-than-truckload technical
ltl technical
operating ratio financial
self-insurance financial
capital expenditures financial
AI-generated analysis. Not financial advice.
JOHNS CREEK, Ga., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported fourth quarter 2025 financial results. Diluted earnings per share for the quarter were
Highlights from the fourth quarter and full year operating results were as follows:
Fourth Quarter 2025 Compared to Fourth Quarter 2024 Results
- Revenue was
$790.0 million , a0.1% increase - Operating income was
$64.0 million , a36.9% decrease - Operating ratio of
91.9% compared to87.1% - LTL shipments per workday decreased
0.5% - LTL tonnage per workday decreased
1.5% - LTL revenue per hundredweight, excluding fuel surcharge revenue, increased
0.5% - LTL revenue per shipment, excluding fuel surcharge revenue, decreased
0.5%
Full Year 2025 Compared to Full Year 2024 Results
- Revenue was
$3.2 billion , a0.8% increase - Operating income was
$352.2 million , a27.0% decrease - Excluding a net gain on real estate, adjusted operating income1 was
$337.7 million , a30.0% decrease - Operating ratio of
89.1% and adjusted operating ratio1 of89.6% compared to85.0% - LTL shipments per workday decreased
0.3% - LTL tonnage per workday increased
2.5% - LTL revenue per hundredweight, excluding fuel surcharge revenue, decreased
1.5% - LTL revenue per shipment, excluding fuel surcharge revenue, increased
1.2%
Saia President and CEO, Fritz Holzgrefe, commented on the quarter stating, “Results from our core business operations were in line with our expectations for the quarter. However, the quarter was impacted by unexpected adverse developments late in the quarter related to accidents that occurred in prior years, driving approximately
Executive Vice President and CFO, Matt Batteh, noted that, “We continue to see growth in our ramping markets, with both new and existing customers, driven by our ability to provide more solutions to meet customer expectations. Our record level of capital investments over the past three years have transformed our network and given us the ability to solve problems for more customers. Having now completed our first full year with a national footprint, we are even more excited about the opportunity ahead of us.”
Financial Position and Capital Expenditures
We ended the fourth quarter of 2025 with
Net capital expenditures were
Conference Call
Management will hold a conference call to discuss quarterly results today at 10:00 a.m. Eastern Time. To participate in the call, please dial 1-833-890-5317 and request to join the Saia, Inc. call. Callers should dial in five to ten minutes in advance of the conference call. This call will be webcast live via the Company website at www.saia.com/about-us/investor-relations/financial-releases. A replay of the call will be offered two hours after the completion of the call through March 10, 2026 at 11:59 P.M. Eastern Time. The replay will be available by dialing 1-855-669-9658 referencing conference ID #3759658.
Saia, Inc. (NASDAQ: SAIA) offers customers a wide range of less-than-truckload, non-asset truckload, expedited and logistics services. With headquarters in Georgia, Saia LTL Freight operates 213 terminals with national service. For more information on Saia, Inc. visit the Investor Relations section at www.saia.com/about-us/investor-relations.
Cautionary Note Regarding Forward-Looking Statements
The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand the future prospects of a company and make informed investment decisions. This news release may contain these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “may,” “plan,” “predict,” “believe,” “should,” “potential” and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. All forward-looking statements reflect the present expectation of future events of our management as of the date of this news release and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. These factors, risks, uncertainties and assumptions include, but are not limited to, (1) general economic conditions including downturns or inflationary periods in the business cycle; (2) operation within a highly competitive industry and the adverse impact from downward pricing pressures, including in connection with fuel surcharges, and other factors; (3) industry-wide external factors largely out of our control; (4) cost and availability of qualified drivers, dock workers, mechanics and other employees, purchased transportation and fuel; (5) inflationary increases in expenses and corresponding reductions of profitability; (6) cost and availability of diesel fuel and fuel surcharges; (7) cost and availability of insurance coverage and claims expenses and other expense volatility, including for personal injury, cargo loss and damage, workers’ compensation, employment and group health plan claims; (8) failure to successfully execute the strategy to expand our service geography; (9) unexpected liabilities resulting from the acquisition of real estate assets; (10) costs and liabilities from the disruption in or failure of our technology or equipment essential to our operations, including as a result of cyber incidents, security breaches, malware or ransomware attacks; (11) risks arising from remote work, including increased risk of related cybersecurity incidents; (12) failure to keep pace with technological developments; (13) liabilities and costs arising from the use of artificial intelligence; (14) labor relations, including the adverse impact should a portion of our workforce become unionized; (15) cost, availability and resale value of real property and revenue equipment; (16) supply chain disruption and delays on new equipment delivery; (17) changes in U.S. trade policy and the impact of tariffs; (18) capacity and highway infrastructure constraints; (19) risks arising from international business operations and relationships; (20) seasonal factors, harsh weather and disasters caused by climate change; (21) the creditworthiness of our customers and their ability to pay for services; (22) our need for capital and uncertainty of the credit markets; (23) the possibility of defaults under our debt agreements, including violation of financial covenants; (24) inaccuracies and changes to estimates and assumptions used in preparing our financial statements; (25) dependence on key employees; (26) employee turnover from changes to compensation and benefits or market factors; (27) increased costs of healthcare benefits; (28) damage to our reputation from adverse publicity, including from the use of or impact from social media; (29) failure to achieve acquisition synergies or disruption to our business due to such acquisitions; (30) the effect of litigation and class action lawsuits arising from the operation of our business, including the possibility of claims or judgments in excess of our insurance coverages or that result in increases in the cost of insurance coverage or that preclude us from obtaining adequate insurance coverage in the future; (31) the potential of higher corporate taxes and new regulations, including with respect to climate change, employment and labor law, healthcare and securities regulation; (32) unforeseen costs from new and existing data privacy laws; (33) the effect of governmental regulations, including hours of service and licensing compliance for drivers, engine emissions, the Compliance, Safety, Accountability (CSA) initiative, regulations of the Food and Drug Administration and Homeland Security, and healthcare and environmental regulations; (34) changes in accounting and financial standards or practices; (35) widespread outbreak of an illness or any other communicable disease; (36) international conflicts and geopolitical instability; (37) evolving stakeholder expectations regarding environmental and social issues; (38) provisions in our governing documents and Delaware law that may have anti-takeover effects; (39) issuances of equity that would dilute stock ownership; (40) weakness, disruption or loss of confidence in financial or credit markets; and (41) other financial, operational and legal risks and uncertainties detailed from time to time in the Company’s SEC filings.
As a result of these and other factors, no assurance can be given as to our future results and achievements. Accordingly, a forward-looking statement is neither a prediction nor a guarantee of future events or circumstances and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this news release. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
1 Non-GAAP Financial Disclosure and Reconciliation:
From time to time we supplement the reporting of our financial information determined under generally accepted accounting principles (“GAAP”) with certain non-GAAP financial measures. These include “adjusted” total operating expenses, “adjusted” operating income, “adjusted” diluted earnings per share, and "adjusted" operating ratio. The Company’s management believes that certain non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. The Company’s management believes that investors may use these non-GAAP financial measures to evaluate the Company’s financial performance without the impact of items that may obscure trends in the Company’s underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.
A gain from the sale of a terminal of
| CONTACT: | Saia, Inc. |
| Matthew Batteh | |
| Executive Vice President and Chief Financial Officer | |
| Investors@saia.com |
| Saia, Inc. and Subsidiaries | ||||||||
| Reconciliation of Certain GAAP and Non-GAAP Statement of Operations Items, Ratios and Operating Data | ||||||||
| For the Years Ended December 31, 2025 and 2024 | ||||||||
| (Amounts in thousands, except per share data, operating ratio and cost per shipment) | ||||||||
| (Unaudited) | ||||||||
| Years | ||||||||
| 2025 | 2024 | |||||||
| Total operating expenses (GAAP) | $ | 2,882,086 | $ | 2,726,914 | ||||
| Add: Net total operating expense impact of Gain on Real Estate Disposal and Impairment of Real Estate | 14,503 | - | ||||||
| Adjusted total operating expenses (Non-GAAP) | $ | 2,896,589 | $ | 2,726,914 | ||||
| Operating Income (GAAP) | $ | 352,200 | $ | 482,160 | ||||
| Less: Net Operating Income impact of Gain on Real Estate Disposal and Impairment of Real Estate | (14,503 | ) | - | |||||
| Adjusted operating income (Non-GAAP) | $ | 337,697 | $ | 482,160 | ||||
| Diluted earnings per share (GAAP) | $ | 9.52 | $ | 13.51 | ||||
| Less: Net Diluted earnings per share impact of Gain on Real Estate Disposal and Impairment of Real Estate | (0.41 | ) | - | |||||
| Adjusted diluted earnings per share (Non-GAAP) | $ | 9.11 | $ | 13.51 | ||||
| Operating Ratio (1) | 89.1 | % | 85.0 | % | ||||
| Add: Net Operating Ratio impact of Gain on Real Estate Disposal and Impairment of Real Estate | 0.5 | % | - | |||||
| Adjusted operating ratio | 89.6 | % | 85.0 | % | ||||
| Cost per shipment (2) | $ | 322.78 | $ | 303.40 | ||||
| Add: Net cost per shipment impact of Gain on Real Estate Disposal and Impairment of Real Estate | 1.62 | - | ||||||
| Adjusted cost per shipment | $ | 324.40 | $ | 303.40 | ||||
| (1) Operating Ratio is total operating expenses divided by operating revenue, using the underlying unrounded amounts. (2) Cost per shipment is total operating expenses divided by shipments. | ||||||||
| Saia, Inc. and Subsidiaries | ||||||||
| Condensed Consolidated Balance Sheets | ||||||||
| (Amounts in thousands) | ||||||||
| (Unaudited) | ||||||||
| December 31, 2025 | December 31, 2024 | |||||||
| Assets | ||||||||
| Current Assets: | ||||||||
| Cash and cash equivalents | $ | 19,720 | $ | 19,473 | ||||
| Accounts receivable, net | 332,206 | 322,991 | ||||||
| Prepaid expenses and other | 82,630 | 93,305 | ||||||
| Total current assets | 434,556 | 435,769 | ||||||
| Property and Equipment: | ||||||||
| Cost | 4,259,438 | 3,790,069 | ||||||
| Less: accumulated depreciation | 1,415,087 | 1,233,134 | ||||||
| Net property and equipment | 2,844,351 | 2,556,935 | ||||||
| Operating Lease Right-of-Use Assets | 150,301 | 126,828 | ||||||
| Other Assets | 53,473 | 47,325 | ||||||
| Total assets | $ | 3,482,681 | $ | 3,166,857 | ||||
| Liabilities and Stockholders' Equity | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable | $ | 107,424 | $ | 114,560 | ||||
| Wages, vacation and employees' benefits | 50,723 | 49,953 | ||||||
| Other current liabilities | 78,362 | 81,162 | ||||||
| Current portion of long-term debt | 980 | 5,313 | ||||||
| Current portion of operating lease liability | 27,895 | 27,372 | ||||||
| Total current liabilities | 265,384 | 278,360 | ||||||
| Other Liabilities: | ||||||||
| Long-term debt, less current portion | 163,000 | 194,981 | ||||||
| Operating lease liability, less current portion | 113,119 | 96,798 | ||||||
| Deferred income taxes | 284,370 | 219,062 | ||||||
| Claims, insurance and other | 79,109 | 66,385 | ||||||
| Total other liabilities | 639,598 | 577,226 | ||||||
| Stockholders' Equity: | ||||||||
| Common stock | 27 | 27 | ||||||
| Additional paid-in capital | 307,605 | 295,106 | ||||||
| Deferred compensation trust | (9,088 | ) | (7,981 | ) | ||||
| Retained earnings | 2,279,155 | 2,024,119 | ||||||
| Total stockholders' equity | 2,577,699 | 2,311,271 | ||||||
| Total liabilities and stockholders' equity | $ | 3,482,681 | $ | 3,166,857 | ||||
| Saia, Inc. and Subsidiaries | ||||||||||||||||
| Consolidated Statements of Operations | ||||||||||||||||
| For the Quarters and Years Ended December 31, 2025 and 2024 | ||||||||||||||||
| (Amounts in thousands, except per share data) | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| Fourth Quarter | Years | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Operating Revenue | $ | 789,952 | $ | 788,952 | $ | 3,234,286 | $ | 3,209,074 | ||||||||
| Operating Expenses: | ||||||||||||||||
| Salaries, wages and employees' benefits | 398,504 | 375,760 | 1,579,793 | 1,487,847 | ||||||||||||
| Purchased transportation | 57,718 | 58,168 | 234,595 | 237,306 | ||||||||||||
| Fuel, operating expenses and supplies | 160,676 | 153,467 | 654,708 | 629,402 | ||||||||||||
| Operating taxes and licenses | 20,769 | 20,727 | 84,087 | 80,128 | ||||||||||||
| Claims and insurance | 24,803 | 22,084 | 92,788 | 77,649 | ||||||||||||
| Depreciation and amortization | 62,947 | 54,064 | 248,573 | 210,105 | ||||||||||||
| Other operating losses (gains), net | 512 | 3,198 | (12,458 | ) | 4,477 | |||||||||||
| Total operating expenses | 725,929 | 687,468 | 2,882,086 | 2,726,914 | ||||||||||||
| Operating Income | 64,023 | 101,484 | 352,200 | 482,160 | ||||||||||||
| Nonoperating (Income) Expenses: | ||||||||||||||||
| Interest expense | 2,934 | 2,979 | 16,444 | 8,930 | ||||||||||||
| Interest income | (34 | ) | (139 | ) | (151 | ) | (1,049 | ) | ||||||||
| Other, net | (312 | ) | (155 | ) | (1,482 | ) | (1,729 | ) | ||||||||
| Nonoperating expenses, net | 2,588 | 2,685 | 14,811 | 6,152 | ||||||||||||
| Income Before Income Taxes | 61,435 | 98,799 | 337,389 | 476,008 | ||||||||||||
| Income Tax Provision | 13,916 | 22,696 | 82,353 | 113,943 | ||||||||||||
| Net Income | $ | 47,519 | $ | 76,103 | $ | 255,036 | $ | 362,065 | ||||||||
| Weighted average common shares outstanding - basic | 26,748 | 26,699 | 26,738 | 26,689 | ||||||||||||
| Weighted average common shares outstanding - diluted | 26,795 | 26,811 | 26,786 | 26,802 | ||||||||||||
| Basic earnings per share | $ | 1.78 | $ | 2.85 | $ | 9.54 | $ | 13.57 | ||||||||
| Diluted earnings per share | $ | 1.77 | $ | 2.84 | $ | 9.52 | $ | 13.51 | ||||||||
| Saia, Inc. and Subsidiaries | ||||||||
| Condensed Consolidated Statements of Cash Flows | ||||||||
| For the twelve months ended December 31, 2025 and 2024 | ||||||||
| (Amounts in thousands) | ||||||||
| (Unaudited) | ||||||||
| Years | ||||||||
| 2025 | 2024 | |||||||
| Operating Activities: | ||||||||
| Net cash provided by operating activities | $ | 594,973 | $ | 583,702 | ||||
| Net cash provided by operating activities | 594,973 | 583,702 | ||||||
| Investing Activities: | ||||||||
| Acquisition of property and equipment | (567,639 | ) | (1,043,557 | ) | ||||
| Proceeds from disposal of property and equipment | 23,511 | 2,694 | ||||||
| Other | (8,394 | ) | 4,999 | |||||
| Net cash used in investing activities | (552,522 | ) | (1,035,864 | ) | ||||
| Financing Activities: | ||||||||
| Borrowing (repayment) of revolving credit facility, net | (31,000 | ) | 94,000 | |||||
| Borrowing of private shelf agreement | – | 100,000 | ||||||
| Proceeds from stock option exercises | 2,776 | 2,574 | ||||||
| Shares withheld for taxes | (8,666 | ) | (9,107 | ) | ||||
| Other financing activity | (5,314 | ) | (12,047 | ) | ||||
| Net cash provided by (used in) financing activities | (42,204 | ) | 175,420 | |||||
| Net (Decrease) Increase in Cash and Cash Equivalents | 247 | (276,742 | ) | |||||
| Cash and Cash Equivalents, beginning of period | 19,473 | 296,215 | ||||||
| Cash and Cash Equivalents, end of period | $ | 19,720 | $ | 19,473 | ||||
| Saia, Inc. and Subsidiaries | |||||||||||||||||||
| Financial Information | |||||||||||||||||||
| For the Quarters Ended December 31, 2025 and 2024 | |||||||||||||||||||
| (Unaudited) | |||||||||||||||||||
| Fourth Quarter | |||||||||||||||||||
| Fourth Quarter | % | Amount/Workday | % | ||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | ||||||||||||||
| Workdays | 62 | 62 | |||||||||||||||||
| Operating ratio | 91.9 | % | 87.1 | % | |||||||||||||||
| LTL tonnage (1) | 1,459 | 1,481 | (1.5 | ) | 23.53 | 23.89 | (1.5 | ) | |||||||||||
| LTL shipments (1) | 2,164 | 2,174 | (0.5 | ) | 34.90 | 35.06 | (0.5 | ) | |||||||||||
| LTL revenue/cwt. | $ | 26.13 | $ | 25.73 | 1.6 | ||||||||||||||
| LTL revenue/cwt., excluding fuel surcharge | $ | 22.07 | $ | 21.96 | 0.5 | ||||||||||||||
| LTL revenue/shipment | $ | 352.27 | $ | 350.51 | 0.5 | ||||||||||||||
| LTL revenue/shipment, excluding fuel surcharge | $ | 297.57 | $ | 299.17 | (0.5 | ) | |||||||||||||
| LTL pounds/shipment | 1,348 | 1,362 | (1.0 | ) | |||||||||||||||
| LTL length of haul (2) | 897 | 898 | (0.1 | ) | |||||||||||||||
| (1 | ) | In thousands. | |||||||||||||||||
| (2 | ) | In miles. | |||||||||||||||||
| Note: | LTL operating statistics exclude transportation and logistics services where pricing is generally not determined by weight. The LTL operating statistics also exclude the adjustment required for financial statement purposes in accordance with the Company's revenue recognition policy. | ||||||||||||||||||
| Saia, Inc. and Subsidiaries | ||||||||||||||||||||
| Financial Information | ||||||||||||||||||||
| For the Years Ended December 31, 2025 and 2024 | ||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
| Year Over Year | ||||||||||||||||||||
| Year Over Year | % | Amount/Workday | % | |||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||||
| Workdays | 253 | 254 | ||||||||||||||||||
| Operating ratio | 89.1 | % | 85.0 | % | ||||||||||||||||
| LTL tonnage (1) | 6,161 | 6,037 | 2.1 | 24.35 | 23.77 | 2.5 | ||||||||||||||
| LTL shipments (1) | 8,929 | 8,988 | (0.7 | ) | 35.29 | 35.39 | (0.3 | ) | ||||||||||||
| LTL revenue/cwt. | $ | 25.50 | $ | 25.89 | (1.5 | ) | ||||||||||||||
| LTL revenue/cwt., excluding fuel surcharges | $ | 21.58 | $ | 21.90 | (1.5 | ) | ||||||||||||||
| LTL revenue/shipment | $ | 351.99 | $ | 347.81 | 1.2 | |||||||||||||||
| LTL revenue/shipment, excluding fuel surcharges | $ | 297.79 | $ | 294.23 | 1.2 | |||||||||||||||
| LTL pounds/shipment | 1,380 | 1,343 | 2.8 | |||||||||||||||||
| LTL length of haul (2) | 897 | 891 | 0.7 | |||||||||||||||||
| (1 | ) | In thousands. | ||||||||||||||||||
| (2 | ) | In miles. | ||||||||||||||||||